Report on the implementation of Regulation (EC) No 450/2003 concerning the labour cost index (LCI)

Summary:

Report published by the European Commission on 23 January 2023, concerning the implementation of Regulation (EC) No 450/2003 concerning the labour cost index (LCI).

Further information:

The labour cost index (LCI) measures quarterly changes in total hourly labour costs borne by employers, making it possible to monitor developments in the cost pressure arising from the production factor ‘labour’. Regulation (EC) No 450/2003 - also known as the LCI Regulation - sets a common framework for Member States of the European Union (EU) to produce comparable indices and provide them to the European Commission. Article 13 requires the Commission to report on its implementation every two years.

The purpose of the report is to assess the quality of the statistics provided by Member States and of the EU aggregates, and to identify areas where improvements could be made. This is the ninth (9th) LCI report, and it focuses on the LCI data received since the previous edition, for the reference quarters ranging from the second quarter of 2020 to the first quarter of 2022. This edition does not cover LCI data from the United Kingdom as this country left the EU on 1 February 2020 and stopped transmitting LCI data from the first quarter of 2020. In this edition, the document also reports on the main impact of the COVID-19 (coronavirus) pandemic on LCI data collection.